Stoneridge, Inc. (NYSE:SRI) Shares Purchased by BNP Paribas Financial Markets

BNP Paribas Financial Markets lifted its stake in shares of Stoneridge, Inc. (NYSE:SRI - Free Report) by 1,412.6% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 100,771 shares of the auto parts company's stock after purchasing an additional 94,109 shares during the period. BNP Paribas Financial Markets owned about 0.36% of Stoneridge worth $632,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of SRI. Federated Hermes Inc. acquired a new stake in Stoneridge in the 4th quarter worth about $25,000. US Bancorp DE increased its position in shares of Stoneridge by 65.2% during the fourth quarter. US Bancorp DE now owns 6,791 shares of the auto parts company's stock worth $43,000 after purchasing an additional 2,679 shares in the last quarter. SG Americas Securities LLC acquired a new position in Stoneridge in the 4th quarter valued at $74,000. Quantbot Technologies LP acquired a new position in Stoneridge in the 4th quarter valued at $98,000. Finally, Wells Fargo & Company MN lifted its holdings in Stoneridge by 27.9% in the 4th quarter. Wells Fargo & Company MN now owns 16,021 shares of the auto parts company's stock valued at $100,000 after purchasing an additional 3,490 shares in the last quarter. Hedge funds and other institutional investors own 98.07% of the company's stock.

Stoneridge Price Performance

Shares of NYSE:SRI traded up $0.28 during midday trading on Tuesday, hitting $5.03. The company had a trading volume of 174,901 shares, compared to its average volume of 283,815. Stoneridge, Inc. has a twelve month low of $3.54 and a twelve month high of $18.40. The stock has a market cap of $139.93 million, a price-to-earnings ratio of -18.61 and a beta of 1.22. The company has a debt-to-equity ratio of 0.72, a current ratio of 2.44 and a quick ratio of 1.40. The business's 50-day simple moving average is $4.41 and its 200-day simple moving average is $5.23.

Stoneridge (NYSE:SRI - Get Free Report) last posted its quarterly earnings results on Wednesday, April 30th. The auto parts company reported ($0.19) EPS for the quarter, missing the consensus estimate of ($0.17) by ($0.02). The company had revenue of $217.89 million for the quarter, compared to analysts' expectations of $212.42 million. Stoneridge had a negative return on equity of 0.42% and a negative net margin of 0.81%. On average, research analysts predict that Stoneridge, Inc. will post -0.42 earnings per share for the current year.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on SRI shares. Wall Street Zen raised shares of Stoneridge from a "hold" rating to a "buy" rating in a report on Tuesday, May 13th. Barrington Research restated an "outperform" rating and set a $16.00 price target on shares of Stoneridge in a research report on Thursday, May 1st.

Stoneridge Profile

Stoneridge, Inc, together with its subsidiaries, designs and manufactures engineered electrical and electronic systems, components, and modules for the automotive, commercial, off-highway, motorcycle, and agricultural vehicle markets in North America, South America, Europe, and internationally. The company operates through three segments: Control Devices, Electronics, and Stoneridge Brazil.